Shaunak J Dave, Asian Market Director, Optel Vision in an interaction with Viveka Roychowdhury, talks about Optel Vision’s focus for the Indian pharma market.
What has been Optel Vision’s experience in the Indian pharmaceutical sector? Are companies up to date with global norms and trends?
Since last 27 years, Optel Vision has been serving the global pharmaceutical industry with its vision inspection systems and global track and trace solutions for pharma packaging lines. The core business objective is to enhance patient safety, to increase product, packaging line and supply chain integrity and to combat against global counterfeit. Optel Vision had limited number of installations in Asia - Pacific region erstwhile (prior to 2011). For our Founder Group President, Louis Roy, India had always been an attractive market to explore.
India, being a global manufacturing hub for generics (contributing 20 per cent of global generics business) along with a big number of US FDA/MHRA approved plants, double digit industry growth and a large pool of skilled engineers, is our key preferred market in the Asia Pacific region. We believe that the Indian pharma market has a huge potential, which is largely volume-driven, focused on cost competitiveness and backed by ‘make it happen’ attitude of highly skilled people.
Being a North American company, coming to India was a big challenge. The key challenge was to change the perception of Indian customers in terms of affordability, acceptability and meeting India-specific requirements (which are truly global, as India exports to more than 200 countries). Optel Vision adopted an India-specific business model and created a service network in more than 13 cities which is backed by highly skilled, customer-centric support team. This was the reason for our exponential growth in India.
This story is from the November 16, 2016 edition of Express Pharma.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 16, 2016 edition of Express Pharma.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Powerful Process Control with IND500x Weighing Indicators
Ensuring consistent quality in hazardous environments, particularly in Ex-Areas (Zone 1/21, Division 1), is a critical aspect of industrial operations. The IND500x weighing indicators from METTLER TOLEDO provide a robust solution for these challenging settings, offering optimized safety and productivity.
Ensuring clean room integrity with prime clean reset high-speed doors
Prime Clean Reset high-speed doors ensure airtight seals, minimising air permeability and contamination in clean rooms. Designed for sensitive environments, they enhance operational efficiency and meet rigorous regulatory standards, making them ideal for pharmaceutical and biotech industries
Complete environmental monitoring solution - testo Saveris Pharma
There are several critical applications in the industry like research and development that demand for continuous & reliable monitoring of important environmental parameters.
Adaptive Manufacturing:-The new flexibility in medical device assembly
Unlike traditional, rigid production lines, B&R's adaptive machines seamlessly adjust to the requirements of each device, dynamically adapting to each unique process
Reshaping pharma safety with active packaging innovations
CILICANT is revolutionising active packaging with solutions tailored for the most sensitive formulations. Meet the innovators driving stability, safety, and impurity control in pharma packaging at CPhI India
UNLOCKING GROWTH FRONTIERS
Vadodara Pharma Summit 2024 brought together industry leaders and experts to highlight the city's pivotal role in India's pharma landscape and explore collaborative strategies to strengthen India's pharma innovation ecosystem
Optimising cloud provisioning for pharmaceutical compliance and operational excellence
Suresh Perikala, Senior Engineering Lead - DevOps and Cloud Engineering Practice, Altimetrik
Accelerating pharma's sustainability efforts
Avinaw Prasad, Director, Climate Change & Sustainability, Deloitte India explains why integrating sustainability into the core pharma business strategy is essential for long-term success, analyses key focus areas and policy pushes which can incentivise companies to further evolve on the sustainability path
Drug Repurposing: Unlocking access to rare solutions
Drug repurposing, a quick, cost-effective path to deliver existing treatments to patients, can serve to expedite and expand healthcare access for patients with rare diseases
Optimising spend, maximising growth
Express Pharma, in partnership with IPA and CHEMEXCIL, powered by SAP, recently organised a thought leadership conclave on 'Reimagining spend management and supply chain' where cross functional experts explored strategies to drive value through supply chain transformation